EXCLUSIVE: Metavers: the 10 proposals in the report commissioned by the government

EXCLUSIVE: Metavers: the 10 proposals in the report commissioned by the government
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A report that has just been submitted to the Ministers of Finance, Digital and Culture recommends experimenting with and anticipating the legal changes associated with metavers.

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It was a year ago. At the height of the crypto market craze, US giant Facebook announced to the world its big switch to... metavers. A new project, a new strategy and a new name! While Meta hasn't changed from top to bottom since then, and crypto markets have fallen sharply, Mark Zuckerberg's ambitions have prompted many players to position themselves on the subject, starting with governments... including France.

During the presidential campaign, Emmanuel Macron called for the creation of a "European metavers" so as not to be "dependent on Anglo-Saxon or Chinese players and aggregators".

He has also, via his finance, digital and culture ministers, commissioned a report on the subject of metavers. The aim? To take a look at this new technology, its potential, but also its limits.

This report, written by Camille François, a researcher at Columbia University (USA), Adrien Basdevant,a lawyer at the Paris Bar, and Rémi Ronfard, a researcher at Inria, has just been submitted this week to the ministers concerned.

The Big Whale was able to consult this report, which is intended to feed into the government's strategy. Here is an exclusive look at some of its ten proposals.

  • Create a public/private consortium of French players to offer immersive experiences during the 2024 Olympic Games in Paris.
  • Put in place public orders that meet the objectives of cultural sovereignty and technological sovereignty.
  • Start work "right away" on adapting European texts (RGPD, DMA and DSA) to the challenges of metavers.
  • Invest in tools and techniques for analysing metavers and the transactions that take place in them.
  • Create a research and coordination institute, based on the Ircam model, which would be both a computer science research laboratory dedicated to the immersive arts.

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Grégory Raymond

Grégory Raymond is Head of Research and co-founder of The Big Whale. A specialist at the intersection of traditional finance and digital assets, he has been covering the regulatory, institutional and technological developments of the sector since 2017 for an audience of decision-makers: ,banks, asset managers and fintechs. He is also the author of Bitcoin & Cryptos: L'enjeu du siècle (Talent Éditions, 2025), a book built around interviews with key figures from the ecosystem.

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Raphaël Bloch

Raphaël Bloch is CEO and co-founder of The Big Whale, an independent market intelligence platform on digital assets serving financial market participants through editorial coverage, research, a weekly briefing, and in-person events. He co-founded The Big Whale in April 2022. At the platform, he moderates and hosts institutional events bringing together banks, asset managers, custodians, and infrastructure providers on topics including staking, on-chain yield, stablecoins, DeFi lending, and tokenisation. He has moderated panels at events hosted in partnership with Bitwise, Everstake, Gemini, Morpho, Hexarq, Coinhouse, Delubac, Franklin Templeton, and the Ethereum Foundation, held in London and Paris between late 2025 and mid-2026.

Before founding The Big Whale, Bloch worked as a reporter at Les Echos from December 2016 to March 2020, then at L'Express from March 2020 to March 2022. He also previously worked at Reuters. Since September 2022, he has held a concurrent role as Business Analyst at BFM Business. He has been active in crypto journalism since 2016. He holds degrees from emlyon and the CFJ.

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